J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,541 shares of the transportation company’s stock after selling 3,613 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in J.B. Hunt Transport Services were worth $5,547,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JBHT. Root Financial Partners LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $25,000. Parkside Financial Bank & Trust lifted its holdings in J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 66 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. Finally, Sentry Investment Management LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $32,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JBHT. Susquehanna upped their price objective on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a report on Wednesday, April 22nd. Benchmark boosted their target price on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, April 17th. TD Cowen boosted their target price on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Morgan Stanley boosted their target price on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Citigroup boosted their target price on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.17.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Jennifer Boattini sold 2,238 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $232.00, for a total transaction of $519,216.00. Following the transaction, the senior vice president owned 16,650 shares of the company’s stock, valued at approximately $3,862,800. This trade represents a 11.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Hobbs sold 1,272 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer directly owned 91,736 shares in the company, valued at approximately $23,002,802. The trade was a 1.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,154 shares of company stock valued at $4,112,450 over the last ninety days. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $259.23 on Friday. The firm has a market capitalization of $24.45 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The business’s fifty day moving average price is $229.56 and its 200 day moving average price is $210.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $264.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.